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The Original Sin of Trump’s Presidency Is Coming Back to Bite Him
Slate • • nation
Key Points:
- Despite low unemployment and booming stocks, voters are increasingly focused on inflation and real wages, with consumer prices rising 3.7% year-over-year as of September, fueling economic dissatisfaction.
- Real wages have stagnated for six consecutive months, with inflation outpacing wage growth, meaning Americans’ purchasing power has not improved since Trump took office.
- While multiple factors influence inflation and wages, Trump’s policies, including tariffs and the conflict with Iran, have contributed to rising energy prices, damaging his and the GOP’s economic credibility ahead of the midterms.
- Polls show Democrats currently leading on economic issues such as inflation control and prosperity management, a reversal from previous elections when Republicans held an advantage on these topics.
- Although many campaign dynamics will unfold in coming weeks, the prevailing economic trends are likely to heavily influence voter behavior in the upcoming midterm elections.
